Insight

Libya's oil impasse

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

For further information about this report submit the form below.

Report summary

Since mid 2014 two competing governments and militias allied to them have contested Libya's legitimacy. With neither side holding the military balance of power a stalemate has ensued. The eastern House of Representatives (HoR) assembly has set up a parallel rival National Oil Company (NOC) and Central Bank in an attempt to dominate oil revenues and side line the Tripoli based NOC and Central Bank two of the last functioning state institutions. So far its attempts to persuade IOCs and crude buyers bypass the capital have failed. IOCs will likely continue to honour contracts signed with the Tripoli based NOC under western pressure and the uncertain legality of dealing with a new eastern entity. Libya's oil production has declined steeply again since recovering from the civil war of 2011. We anticipate a long drawn out recovery punctuated by stop start production as militias use oil and gas infrastructure to leverage influence.

What's included

This report contains

  • Document

    Libya's oil impasse

    PDF 388.07 KB

Table of contents

    • A political stalemate
    • East's plans to sell oil independently likely to fail as NOC remains neutral
    • Stagnant production
    • A bumpy recovery
    • What next for Libya?

Tables and charts

This report includes 2 images and tables including:

Images

  • Libyan oil and gas fields and infrastructure under force majeure
  • Libyan oil and gas production and foreign currency (2008-2030)

You may be interested in

    
            
            
            
            
            
            
            
            
            
            
            
    

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898